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'S. Korea Closely Watching Discussions on COVID-19 Vaccine Patent Waivers'

Write: 2021-05-06 18:57:47Update: 2021-05-06 19:11:52

'S. Korea Closely Watching Discussions on COVID-19 Vaccine Patent Waivers'

Photo : YONHAP News

The South Korean government said on Thursday that it is closely watching global discussions over possible intellectual property waivers for COVID-19 vaccines. 

Asked on the matter during a regular media briefing on Thursday, Baek Yeong-ha, a senior official of the state task force on coronavirus vaccination, said the government is monitoring the situation and plans to discuss the country’s response with businesses. 

Proposed initially by India and South Africa late last year to help resolve a global vaccine supply glitch, the idea of temporarily lifting patent protection for vaccines gained traction with the U.S. government’s backing the proposal on Wednesday. 

U.S. Trade Representative Katherine Tai expressed the U.S. support for the waiver, saying such a measure is needed to end the pandemic. Tai said “extraordinary times call for extraordinary measures,” but cautioned it would take time to reach an agreement on the matter. 

Vaccine developers and some advanced countries are reportedly against to the plan, but about one hundred members of the World Trade Organization(WTO) are reportedly in favor of the scheme. A WTO panel on intellectual property is expected to discuss the issue next month.

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